According to a report released on Friday, Major financial and technological enterprises from China and the U.S. are leading the global drive to develop blockchain applications.
The report reveals that Chinese Internet giant Alibaba tops the list with a total of 90 patent applications focused on blockchain-related technologies. IBM is in a close second with a total of 89 patents. MasterCard comes in third with 80 filings, and bank of America in fourth with 53.
For its ranking, iPR Daily said it consolidated information from patent databases as of Aug. 10 from China, the U.S., Europe, Japan and South Korea, as well as the International Patent System from the World Intellectual Property Organization.
Virtually every major Chinese tech company has placed bets in the emerging technology. But holding patents is more of a strategic layout than an all-out push for some tech giants as compared with those who are focused squarely on the sector.